Funding Category: Creating a Sustainable Philadelphia
Federal Grant Name: Recovery Through Retrofit/Retrofit Ramp-Up Program
Programs Supported Through Funding: Innovative and highly impactful energy efficiency activities aligned with the energy, economic and environmental goals of the Recovery Through Retrofit Initiative/Retrofit Ramp-Up Program.
Why Apply for this Grant?
Program Objectives: To accelerate the creation of a robust private retrofit market in the greater Philadelphia region by catalyzing growth in both the supply of and the demand for high performance retrofits.
Use of Funds: The goal of EECBG is to leverage $60 million in EECBG funds against $226 million in other public and private funds to drive nearly $300 million in regional retrofit activity. This will then create approximately 3,000 jobs, save approximately 14 million BTUs of energy, and avoid approximately one million metric tons of carbon emissions.
EnergyWorks is a comprehensive energy solutions program for home and commercial or industrial building owners. EnergyWorks experts help owners find ways to reduce their building’s energy use, and EnergyWorks’ low-interest loans help them pay for the upgrade.
EnergyWorks is a program of the Metropolitan Caucus, a coalition of Commissioners and Council members from Bucks, Chester, Delaware, and Montgomery Counties and the Mayor of Philadelphia. It is supported by a grant from the US Department of Energy’s Better Buildings Program.
EnergyWorks partners with the Energy Coordinating Agency (ECA) and the Keystone HELP Program to help residential customers make the best possible energy upgrades.
About the Energy Coordinating Agency (ECA):
The mission of the Energy Coordinating Agency (ECA) is to help people conserve energy and to promote a sustainable and socially equitable energy future for all in the Philadelphia region. ECA is the sole or largest provider of the following services, thus filling a critical role in the region.
To learn more about the ECA, visit www.ecasavesenergy.org.
About Keystone HELP and AFC First Financial:
EnergyWorks residential loans are based on a partnership with the highly successful Keystone HELP program, which is supported by the PA Department of Environmental Protection and PA Treasury Department. EnergyWorks brings additional resources to the program to make Keystone loans even more affordable for residents of the Greater Philadelphia region.
Keystone HELP is a Preferred Monthly Payment Plan with lower rates and longer payment terms than other types of unsecured financing. It is designed to promote energy efficient home improvements. The Keystone HELP® program has been designed specifically by AFC First and its sponsors – the Pennsylvania Treasury Department, the Sustainable Energy Fund and others – to provide special financing rates for Pennsylvania customers for most ENERGYSTAR home improvements and other high efficiency qualifying improvements.
AFC First Financial Corporation, based in Allentown, PA, is a national leader in residential energy-efficiency and renewable lending programs through its EnergyLoan® program, in partnerships with states, utilities, manufacturers and municipalities. Programs are offered through a network of over 2,000 Approved Contractors – companies involved in selling, installing and servicing high efficiency heating, air conditioning, weatherization and “whole house” remodeling and alternative energy related home improvements.
To learn more about Keystone HELP, visit www.keystonehelp.com
To learn more about AFC First Financial, visit www.afcfirst.com.
The EnergyWorks Loan Fund (EnergyWorks) is jointly managed by The Reinvestment Fund (TRF) and the Philadelphia Industrial Development Corporation (PIDC) to finance energy conservation and efficiency improvements in commercial buildings throughout the Greater Philadelphia region. Learn more about our partners:
About The Reinvestment Fund (TRF):
TRF is a national innovator in capitalizing distressed communities and stimulating economic growth for low- and moderate-income families. TRF’s investments in homes, schools, and businesses reclaim and transform neighborhoods, driving economic growth and improving lives throughout the Mid-Atlantic region.
Since its inception in 1985, TRF has made $1 billion in community investments. TRF is nationally recognized for its research and housing-related policy analysis. TRF’s data analysis focuses both on helping TRF identify opportunities to invest its own resources as well as providing services to public sector and private clients seeking assistance with their own strategies to preserve and rebuild vulnerable communities. TRF’s analytical strength is also reflected in its national online data and mapping tool that is available for all internet users at www.policymap.com.
To learn more about TRF, visit www.trfund.com.
About Philadelphia Industrial Development Corporation (PIDC):
PIDC is a private, not-for-profit Pennsylvania corporation, founded in 1958 by the City of Philadelphia and the Greater Philadelphia Chamber of Commerce to promote economic development throughout the city.
PIDC’s central strategy is to leverage financing and real estate resources to retain and to grow employment in Philadelphia. PIDC also coordinates tax incentive and work force development programs offered by the City and the Commonwealth. Clients range from the traditional base of commercial and industrial businesses to the developers of large, public purpose facilities to non-profits, in all neighborhoods of Philadelphia.
Learn more about PIDC at www.pidc-pa.org.
For more information on the EnergyWorks Program or to apply for a low-interest loan to make your home or business more energy efficient, please visit www.energyworksnow.com.
Grant Achievements for this Quarter: Significant growth occurred in this quarter in the number of residential audits and retrofits completed. Over 500 audits and 600 retrofits have been completed, with a pipeline of over 700 audits scheduled across the five county grant area. Over 100 contractors have signed on to become EnergyWorks contractors, representing every field in the energy efficiency industry, from air sealing and insulation to HVAC, roofing, and general contracting. In addition, the program’s public education programs – EnergyWorks @ Work and EnergyWorks Select Partnerships have grown, and are now holding multiple sessions per week. On the commercial side of the program, $8 million in follow-on private investment was obtained, showing the value of using public dollars as catalytic investments to spur private action.
Actual # of FTE jobs created for the quarter*:
*In the City of Philadelphia’s quarterly federal report, also know as Section 1512 reports, jobs are calculated based on hours worked, instead of the number of people at work. It also looks only at jobs funded directly by the Recovery Act, and does not include jobs created indirectly. Direct jobs are counted quarterly and are not cumulative.